Member Info for Dorfan

ASI

You take things too literally, not the first time you have done this. I was being sarcastic about the process and the weekend timing of ships navigating the Channel.

But there is an element of a lot of ‘talk’ but will anything really happen, time will tell.

On the 25 March the Royal Navy has been given permission to stop and board Russian ‘ghost’ tankers. So what happened when the Russian tanker VAYU 1 went sailing down the English Channel in UK waters a couple of days ago, absolutely nothing.

Apparently before anything can physically happen each ship has to be individually reviewed by a panel of military, law enforcement, and energy market specialists before a recommendation is made to ministers for a final sign-off. Knowing how multiple departments work the ship will be long gone back into international waters.

To make it even safer for ‘ghost’ ships to pass through the English Channel they just need to navigate at the weekend when all the departments won’t be working, by the time all the paperwork ends up on someone’s desk Monday morning they will be long gone.

What can one say, a lot of hot air and nothing concrete happening.

Trouble

“ How many branches have Lloyds got in Gibraltar & the Chagos Islands, I wonder !!”

Do keep up, we are discussing Sovereignty, which you raised, not Lloyds banks.

Been to the doctor yet to get an assessment?

….and what’s the situation with Gibraltar now?

Economic growth in the UK this year is forecast to be 0.7% due to the Iran conflict. The Organisation of Economic Co-operation and Development (OECD) said, it will be down from its previous forecast of 1.2%.

DIvi

“ why do you need to tell us every time you are going to play golf of holiday ?”

You could be asking Trouble a similar question when he frequently tells us he is going for a hike. Any reason why you are not asking Trouble? But then you did join around the time Trouble joined the Lloyds forum.

Asian markets not doing well, Nikkei 225 index was almost 3.6% lower, while South Korea's Kospi fell by almost 6%.

We will be looking at a sea of red at 8 and Lloyds will slip into the high 80’s. If this keeps up we could witness a return potentially back into the 60/70’s in the future. A happy hunting ground for those with cash sitting in the wings.

How this could all end in failure.

The 2030 target of 10GW is increasingly seen as a "stretch goal" that can easily be missed.

The Hydrogen Energy Association (HEA) warns that without the imminent Hydrogen Strategy refresh, the UK risks a "negative spiral" of project cancellations.

Some of the major players like Scottish Power, have already exited the subsidy agreements due to delays and rising costs. The actual cost of producing green hydrogen (estimated at £241/MWh in recent rounds) has been significantly higher than the government's initial £110/MWh estimate, requiring more taxpayer funding than originally planned and where will this be coming from.

The next six months are considered the "tipping point." If the government releases the HAR2 funding and the Strategy Refresh by June 2026, the chance of hitting 2030 targets remains potentially viable; if not, the £20 billion in private capital is highly likely to "flee" to the US or EU markets.

So if the UK misses the June deadline then hydrogen as a future answer to our energy needs is dust.

Energy prices going through the roof. Oil $100+ a barrel, gas reached a three year high with a 20% rise in just one day. Lots more rises to come.

Cost of living rising nicely. Inflation putting pressure on the economy.

So the big initiative to help the country is a planned speed reduction on our roads to reduce consumption, as if that is really going to help diddly squat. People will be in the wrong gear and actually be using more fuel. Another knee jerk idea. If this is all that is on offer to everyone then it is a poor show, as usual.

Let’s hope inflation reaches 5% for September, another nice increase for my state pension will do nicely.

JB4

And your point is?

Like to comment on STP having a previous life as DCB?

Harley

I agree, what we need is Trouble to step in and start reporting all of STP’s hatred filled posts to clear it up for more interesting topics.

Harley

“ Meanwhile the world is paying more for it's energy.”

And I believe by the summer our energy will be costing us another £332 a year more.

…..that we actually ended up 2p down today.

We will be in the 80’s next week and if it continues another month or more we will potentially be in the 70’s. A great opportunity to hoover up some more profits for the future.

STP

“ Trump will declare victory next week!”

You have to have a good sense of humour where STP is concerned. He now posts off-topic about the war and Trump. And only 11 hours ago he posts this.

‘ PS: I use this forum as I'm a lloyds shareholder and I'm interested in discussing lloyds shares. Seems some tree huggers are a but confused about what this forum is here for’

….we are down 1p so far today.

Deflecting again Trouble because you know the answer is that the UK could not survive for 62 days of snow, little wind and panels not working because of a snow covering.

Battery storage would last hours, not weeks. Why don’t you go and research what would happen in a winter like ‘63. But then you know the answer, don’t you.

Trouble

“ Maybe they should look elsewhere if they find it so stupid.”

Perhaps ‘stupid’ is not understanding how renewables will function, or not in a winter like ‘63.

Tell us where the energy will come from with minimal wind and near enough zero electricity because the panels are covered in heavy snow?

STP

“ I use this forum as I'm a lloyds shareholder and I'm interested in discussing lloyds shares…… some tree huggers are a bit confused about what this forum is here for”

Says the donkey who has posted frequently about oil and the Middle East

If I didn’t know better it is a classic sign of dementia setting in

Are they modelling renewables for a worse case scenario like the winters of ‘47 and ‘63? Much higher demand for electricity for much longer periods.

The winter of ‘63 for example had wind droughts and these can last for weeks. Then how much electricity is generated if the solar panels have six inches of snow on them?

Gray1

“ Good for the buybacks though”

But don’t tell STP that though.